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The East of England Co-operative Society is an amalgamation of smaller societies from across East Anglia which have joined together over the years. Most recently, the Colchester and East Essex Co-operative Society merged with the Ipswich and Norwich Co-operative Society in 2005.

The consumer co-operative movement has its roots in the early part of the nineteenth century and the principles of self-help and social equity that developed during the Victorian era. The first successful retail co-operative was established in 1844 by the Rochdale Pioneers. The Ipswich and Norwich Society was the product of an amalgamation, in 1993, of the Ipswich Co-operative Society (known as the Ipswich Industrial from 1868 to 1968 and incorporating, since 1991, the engagements of the former Stowmarket Society, established 1889) and the Norwich Co-operative Society (formed in 1858).[4] The Colchester and East Essex Society was founded as Colchester Co-operative Society in 1861, expanding through merger with the following co-operative societies:[5]

Customers and employees pay £1 to join and receive a Dividend card, which effectively acts as a loyalty card, and must be presented at any transaction to receive points. These points are then allocated a monetary value, decided by a board, and based on the Society's profits that year.

From 2015 however, it became free to join the East of England Co-op society, with the £1 fee previously charged, being deducted from the member's first dividend payout.

Membership is open to all those living or working in the Society's trading area. Members receive a share in the profits and in 2008 more than £4 million was paid out in dividends.